What are car subscription services?

This age of technology surprises us daily.
We have phones that unlock by scanning fingerprints, food delivering to our
doorsteps, and what is not possible anymore?

We now have car subscription services that
thankfully are making things a lot easier for us. Just sign up, avail the
service, and cancel it whenever you feel like. You can now subscribe to your
new car directly from auto
manufacturers or from car subscription service providers.

Traditionally, when someone didn’t own a
car, they’d have to buy a new one or a used model, borrow it from a friend or
lease a vehicle. Purchasing
a vehicle is not always an option, and leasing one comes with a lot of considerations
such as usage time, how many miles can one drive it in one day, and what kind
of insurance will you have. In short, there was not much flexibility.

Pros and Cons of a Car Subscription service

Like all services, car subscription also
has a few pros and cons.

Let’s start with the pros

Short-Term Commitment

There is no long-term commitment to the
vehicle involved. This is probably the most significant advantage of a car
subscription service. You drive the car around and simply return it back and never
have to care for it again.

Insurance

You might have already heard about car subscription with
insurance which means that the insurance and maintenance of the vehicle is
already covered by the car subscription company. This allows the car renter to
have peace of mind in terms of facing an accident.

Swap The Vehicle

Another major advantage of a car
subscription service is the ability to swap your ride. This feature is not
available on all car subscription services. But some will take a small fee and
will swap you ride within a short period.

Cons

The Cost

Car subscription is way more expensive than
your monthly payments on your used vehicle. Of course, this is due to the
insurance and the condition of the car provided. Still, it is considered to be
very expensive.

Variety

There is not much variety in terms of the
vehicles to choose from, and you are only left with a few choices compared to
what you are offered while renting, leasing or buying a vehicle.

Inflexible Plan

If you ever go beyond your mileage limit,
you will be charged with a steep fee. This shows that the subscription plans
are not so flexible and can sometimes make a massive dent in your budget.